***NOW AVAILABLE: New Case Study on the Value of Foreclosed Properties and New Working Paper on Lessons from Vacant Properties Initiatives*** Across the country, states and localities are engaged in an expedited process to determine how to allocate nearly $4 billion that the federal government is providing to help stabilize the communities that have been hardest hit by the mortgage foreclosure crisis. Decisions about how to use these funds, distributed by the U.S. Department of Housing and Urban Development (HUD) through the Neighborhood Stabilization Program (NSP), need to be made quickly: Draft Action Plans must be posted for public comment by November 15, 2008. Action Plans are due to HUD by December 1, 2008, and all money must be obligated for use on a specific project within 18 months of receipt. (Click here to view draft action plans from states and localities.) To help states and communities make informed decisions about how to allocate and | ![]() Photo credit: Robb Miller Photography |
Direct links to these resources are provided below:
Data Overview - A brief introduction to the data included in the spreadsheets and how they can be used. Neighborhood Stabilization Data - Detailed spreadsheets showing the relative need for neighborhood stabilization funding among CDBG Jurisdictions and ZIP Codes within each state.
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